M&A Deal Summary

SHPS Acquires eBenX

On November 5, 2002, SHPS, Inc. acquired information technology company eBenX, Inc. for 98M USD

Acquisition Highlights
  • This is SHPS’s 1st transaction in the Information Technology sector.
  • This is SHPS’s 1st largest (disclosed) transaction.
  • This is SHPS’s 2nd transaction in the United States.
  • This is SHPS’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2002-11-05
Target eBenX, Inc.
Sector Information Technology
Buyer(s) SHPS, Inc.
Deal Type Add-on Acquisition
Deal Value 98M USD

Target

eBenX, Inc.

Minneapolis, Minnesota, United States
eBenX, Inc. is a provider of connectivity solutions to employers and health plans for the purchase, eligibility administration and premium payment of group health insurance benefits.

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Buyer(S) 1

Buyer

SHPS, Inc.

Louisville, Kentucky, United States

website


Category Company
Founded 1997
SectorBusiness Services
DESCRIPTION

SHPS, Inc. is dedicated to helping organizations improve member health and control healthcare costs through its Carewise Health and Landacorp subsidiaries. Landacorp creates care management software and solutions that enables highly efficient collaboration among health plans, providers and members.


DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Minnesota) 1 of 1
Country (United States) 2 of 2
Year (2002) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-25 CareWise Inc.

Seattle, Washington, United States

CareWise serves more than 3.5 million consumers through their health plan or employer, according to a news release. CareWise programs combine personalized health information with communication materials, unlimited access to telephone decision-support counseling and online health information.

Buy -